Keep Your NPS Account Updated: A Simple Guide to Changing Bank Details

Managing your National Pension System (NPS) account efficiently is crucial for a hassle-free retirement savings experience. One of the essential tasks for account holders is ensuring that their bank details are up to date, allowing smooth transactions for withdrawals and pension disbursements.

If you’ve recently changed your bank account, follow this step-by-step guide to update your bank details in your NPS account seamlessly.

Why Updating Bank Details in NPS is Important?

Keeping your bank details updated in NPS ensures:
✔ Timely pension payments without delays.
✔ Hassle-free withdrawals when required.
✔ Smooth fund transfers without transaction failures.

Step-by-Step Guide to Updating Bank Details in NPS

Step 1: Log in to the NPS Portal

• Visit the official NPS website: www.cra-nsdl.com.
• Enter your PRAN (Permanent Retirement Account Number) and password to log in.

Step 2: Navigate to ‘Demographic Changes’

• After logging in, go to the ‘Demographic Changes’ section.
• Select ‘Update Personal Details’ to proceed.

Step 3: Update Your Bank Details

• Locate the option to update bank details under personal information.
• Enter your new bank details, including:
  ✅ Bank Account Number
  ✅ IFSC Code
  ✅ Account Type (Savings/Current)

Step 4: Authenticate the Changes

• Verify your request via:
  🔹 OTP (One-Time Password) sent to your registered mobile number.
  🔹 Aadhaar eSign for digital authentication.

Step 5: Confirmation & Update Completion

• Once successfully authenticated, your new bank details will be updated in your NPS account.
• You will receive a confirmation notification via email or SMS.

Final Thoughts

Keeping your bank details updated in NPS is a simple yet essential step to ensure uninterrupted pension fund management. By following these easy steps, you can avoid transaction failures and manage your retirement savings efficiently.